Miller Industries, Inc. (MLR) Holdings Cut by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. lessened its holdings in Miller Industries, Inc. (NYSE:MLR) by 11.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,910 shares of the auto parts company’s stock after selling 3,090 shares during the period. Schwab Charles Investment Management Inc. owned about 0.22% of Miller Industries worth $637,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. First Trust Advisors LP grew its holdings in shares of Miller Industries by 18.0% during the second quarter. First Trust Advisors LP now owns 12,900 shares of the auto parts company’s stock worth $330,000 after purchasing an additional 1,971 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Miller Industries by 134.0% during the second quarter. Meeder Asset Management Inc. now owns 4,415 shares of the auto parts company’s stock worth $113,000 after purchasing an additional 2,528 shares during the last quarter. Systematic Financial Management LP grew its holdings in shares of Miller Industries by 29.5% during the second quarter. Systematic Financial Management LP now owns 31,879 shares of the auto parts company’s stock worth $815,000 after purchasing an additional 7,269 shares during the last quarter. Polar Asset Management Partners Inc. grew its holdings in shares of Miller Industries by 45.3% during the first quarter. Polar Asset Management Partners Inc. now owns 148,891 shares of the auto parts company’s stock worth $3,722,000 after purchasing an additional 46,391 shares during the last quarter. Finally, LSV Asset Management grew its holdings in shares of Miller Industries by 19.8% during the second quarter. LSV Asset Management now owns 305,298 shares of the auto parts company’s stock worth $7,800,000 after purchasing an additional 50,536 shares during the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

Miller Industries stock opened at $25.01 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.45 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $296.18 million, a P/E ratio of 10.58 and a beta of 0.55. Miller Industries, Inc. has a one year low of $23.90 and a one year high of $29.40.

Miller Industries (NYSE:MLR) last posted its quarterly earnings data on Wednesday, August 8th. The auto parts company reported $0.67 EPS for the quarter. The company had revenue of $176.89 million for the quarter. Miller Industries had a return on equity of 13.66% and a net margin of 4.32%.

Separately, ValuEngine cut Miller Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd.

In related news, CEO Jeffrey I. Badgley sold 3,000 shares of Miller Industries stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $28.36, for a total value of $85,080.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $283,600. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.92% of the stock is owned by insiders.

Miller Industries Company Profile

Miller Industries, Inc, together with its subsidiaries, engages in the manufacture and sale of towing and recovery equipment. It offers wreckers, such as conventional tow trucks and recovery vehicles that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms that are used to transport new or disabled vehicles and other equipment.

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Institutional Ownership by Quarter for Miller Industries (NYSE:MLR)

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